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AIR T, Inc. 8-K Filing: Key Updates and Financial Insights from February 2025

$AIRT
Form 8-K
Filed on: 2025-02-12
Source
AIR T, Inc. 8-K Filing: Key Updates and Financial Insights from February 2025

Based on the provided XML section of the financial report for AIR T, Inc., the following key information and insights can be extracted:

  1. Entity Information:
  • Company Name: AIR T, Inc.
  • CIK Number: 0000353184
  • SEC File Number: 001-35476
  • Tax ID: 52-1206400
  • Address: 11020 David Taylor Drive, Suite 305, Charlotte, NC 28262
  • Phone Number: 980-595-2840
  1. Report Type:
  • The report is an 8-K filing, which is typically used to report major corporate events that shareholders should know about.
  1. Report Date:
  • The filing date is February 12, 2025.
  1. Stock Information:
  • Common Stock: Identified under the symbol AIRT on NASDAQ.
  • Preferred Securities: Referred to as 8% Cumulative Capital Securities (ticker symbol: AIRTP) on NASDAQ.
  1. Capital Structure:
  • The report includes references to different classes of stock, specifically:
    • Common Stock
    • Cumulative Capital Securities, which indicates the company has a preferred equity component in its capital structure.
  1. Contextual Information:
  • The document contains multiple contexts with specific identifiers indicating different timeframes and classifications, all dated February 12, 2025.
  1. Regulatory Compliance:
  • The filing adheres to the XBRL (eXtensible Business Reporting Language) format, which is required for SEC filings, ensuring compliance with financial reporting standards.

Insights:

  • The presence of both common and preferred stock indicates that AIR T, Inc. may be utilizing different forms of equity financing, potentially appealing to a broader range of investors.
  • The 8% cumulative feature of the capital securities suggests a commitment to providing returns to preferred shareholders, which could attract income-focused investors.
  • Given the filing date and the nature of the 8-K, stakeholders should monitor for any significant corporate events or changes that may affect the company's financial condition or stock performance.

This information is crucial for investors, analysts, and stakeholders interested in the financial health and strategic direction of AIR T, Inc.